Advanced Micro Devices, Inc. (AMD) Shares Sold by Benjamin F. Edwards & Company Inc.

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Benjamin F. Edwards & Company Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,317 shares of the semiconductor manufacturer’s stock after selling 735 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Advanced Micro Devices were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Advanced Micro Devices by 19.0% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,000 shares of the semiconductor manufacturer’s stock valued at $92,000 after purchasing an additional 800 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Advanced Micro Devices by 15.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,289 shares of the semiconductor manufacturer’s stock valued at $134,000 after buying an additional 986 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Advanced Micro Devices by 12.6% in the fourth quarter. Capital Investment Advisors LLC now owns 10,017 shares of the semiconductor manufacturer’s stock valued at $185,000 after buying an additional 1,119 shares during the last quarter. Conning Inc. lifted its stake in Advanced Micro Devices by 7.7% in the fourth quarter. Conning Inc. now owns 16,580 shares of the semiconductor manufacturer’s stock valued at $306,000 after buying an additional 1,180 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its stake in Advanced Micro Devices by 1,893.9% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 1,250 shares during the last quarter. 59.06% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on AMD. Robert W. Baird reduced their price objective on Advanced Micro Devices from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices to $18.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. TheStreet cut Advanced Micro Devices from a “b-” rating to a “c” rating in a research note on Friday, October 19th. Barclays upgraded Advanced Micro Devices from an “underweight” rating to an “equal weight” rating and set a $25.00 price objective for the company in a research note on Tuesday, October 23rd. Finally, Daiwa Capital Markets began coverage on Advanced Micro Devices in a research note on Friday, December 21st. They issued an “outperform” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $24.94.

Advanced Micro Devices stock opened at $22.96 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $34.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.78 and a quick ratio of 1.36. The company has a market cap of $23.04 billion, a PE ratio of 65.60, a P/E/G ratio of 2.07 and a beta of 3.41.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.52 EPS for the current fiscal year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 41,213 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $21.25, for a total value of $875,776.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 34,906,166 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $23.43, for a total value of $817,851,469.38. The disclosure for this sale can be found here. Insiders have sold 35,470,787 shares of company stock valued at $829,001,955 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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